BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, I invite you to review the chart of BNB in pair to USDT, on a one-day timeframe. As you can see, the price is moving in the sideways trend channel marked with white lines, and locally below the downtrend line.
As first support, we have a strong zone from $257 to $231, however when the price falls below this zone, we have another support at $1907. It is also worth noting that the beginning of the current support zone is the place where the price repeatedly turned up and defended the level.
However, looking at what resistance we can have when the trend changes to an uptrend, we see that the first resistance is at $284, the second at $298, the next at $399, $322 and $336.
As you can see, the CHOP index indicates that the energy is touching the bottom, the MACD indicator indicates a downward trend, and the volume, although very small, indicates the advantage of sellers.
As first support, we have a strong zone from $257 to $231, however when the price falls below this zone, we have another support at $1907. It is also worth noting that the beginning of the current support zone is the place where the price repeatedly turned up and defended the level.
However, looking at what resistance we can have when the trend changes to an uptrend, we see that the first resistance is at $284, the second at $298, the next at $399, $322 and $336.
As you can see, the CHOP index indicates that the energy is touching the bottom, the MACD indicator indicates a downward trend, and the volume, although very small, indicates the advantage of sellers.